Selling has been drying up recently on most days when it looked as though bulls might get routed. That raises the odds that November’s lows near 800 are going to provide buoyancy if the futures probe for support there this morning. However, if support fails, look for a potential buying opportunity at 780.00, an appealing Hidden Pivot. Use a 780.25 bid and an initial stop-loss of 779.75, switching to a 2.50-point trailing stop if 789.00 is touched on the bounce. Minimum objective: 793.00. _______ UPDATE: As of 1:20 p.m., the futures have traded as low as 786.75. The 780.00 target is still valid and should induce a bounce, but I’m going to suggest lowering the bottom-fishing bid to 773.25, a tick above a promising (and more conservative) Hidden Pivot support. You can stop this trade as tight as 771.75, but don’t attempt it with less than an hour to go in the session.